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the La Porte Development Corporation in an amount not to exceed <br />$138,510.00, to fund an economic development incentive agreement <br />between the La Porte Development Corporation and R Favorite Things LLC <br />for site improvements for building at 228 W. Main St., La Porte, Texas. [Haley <br />Bowers, Economic Development Manager] <br />9. Reports <br />a. Fire Department Annual Report [Chris Pettis, Fire Chief] <br />Chief Pettis shared the Department's annual statistics, accomplishments, and <br />aspirations. Councilpersons expressed their appreciation of the time and effort <br />expended on behalf of the community. <br />b. Report of the Fiscal Affairs Committee [Mayor Pro Tem Engelken, Chair] <br />Mayor Pro Tem Engelken said the Committee met, received the investment and <br />purchasing card reports, and set the next meeting for March 10, to receive the <br />audit report. <br />c. Report of the La Porte Development Corporation Board of Directors meeting. <br />[Mayor Pro Tem Engelken] <br />Mayor Pro Tem Engelken said the Board met, heard a report from the San Jacinto <br />College Small Business Development Center (SBDC), approved recommending <br />approval of an incentive agreement between the La Porte Development <br />Corporation and R Favorite Things, LLC in an amount not to exceed $138,510.00, <br />recommending approval of an amended and restated Incentive Agreement <br />between the La Porte Development Corporation and Shelley Whalen in connection <br />with building and site improvement at 321 W. Main Street for Dimensions Comics, <br />Music, and More business, and approved publishing a notice to begin the 60-day <br />comment period for an amendment to the previously approved project of the La <br />Porte Development Corporation for Electric Vehicle Charging Station on Main <br />Street. <br />d. Fund Balance Report [Michael Dolby, Finance Director] <br />Mr. Dolby provided the report, noting the General Fund had been projected to have <br />378 days of working capital at the end of the current budget year and was currently <br />